Amends Rule 3(7) of Cenvat Credit Rules to allow the credit equal to the amount of CVD paid by the EOU, EHTP or STP etc. - 006/2006 - Central Excise - Non Tariff
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Cenvat credit expansion: credit now equals the countervailing duty effectively paid by EOUs and park units for cleared inputs and capital goods. Provides that CENVAT credit for inputs and capital goods cleared on or after 1 March 2006 from export oriented undertakings or units in Electronic Hardware Technology Parks or Software Technology Parks, which pay excise duty under the specified notification, shall be equal to X multiplied by a prescribed multiplicative formula, thereby aligning the credit with the amount of countervailing duty paid by those units.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Cenvat credit expansion: credit now equals the countervailing duty effectively paid by EOUs and park units for cleared inputs and capital goods.
Provides that CENVAT credit for inputs and capital goods cleared on or after 1 March 2006 from export oriented undertakings or units in Electronic Hardware Technology Parks or Software Technology Parks, which pay excise duty under the specified notification, shall be equal to X multiplied by a prescribed multiplicative formula, thereby aligning the credit with the amount of countervailing duty paid by those units.
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